document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=186416>Question 186416</A>: <I><SPAN STYLE=\"word-break: break-all;\"> tim invested $88,000 in two plans. plan 1 is at an APR of 8% and plan 2 is at an APR of 11%. if he invested $6000 less in plan 2 than in plan 1, how much can he expect to earn in one year? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #139705 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=139705\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">  tim invested $88,000 in two plans. plan 1 is at an APR of 8% and plan 2 is at an APR of 11%. if he invested $6000 less in plan 2 than in plan 1, how much can he expect to earn in one year?<BR>\n" );
document.write( "-----------------<BR>\n" );
document.write( "Equation:<BR>\n" );
document.write( "y + x = 88000<BR>\n" );
document.write( "y - x = 6000<BR>\n" );
document.write( "2y = 94000<BR>\n" );
document.write( "y = 47000 (Plan 1 investment)<BR>\n" );
document.write( "Then x = 41000 (Plan 2 investment)<BR>\n" );
document.write( "--------------------<BR>\n" );
document.write( "interest = 0.08*47000 + 0.11*41000<BR>\n" );
document.write( "Do the arithmetic<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. <BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );